Property Overview: 14 Elm Park Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is defined by its vintage charm and practical updates. Built in 1924, it offers 929 sqft of living space with a renovated basement and sits on a near-5,000 sqft lot, which is a generous size for the neighbourhood. Its assessed value is notably lower than area averages, suggesting potential value relative to other Elm Park properties.
The primary appeal lies in its position within a well-established neighbourhood, offering a more affordable entry point into the area. The renovated basement adds functional living space, and the detached garage provides utility or storage. This property would suit first-time buyers seeking character in a mature community, or practical downsizers looking for a manageable, single-level home without a premium price tag. A thoughtful perspective is that while the home's living area is modest, its lot size is among the larger in the immediate area, offering valuable outdoor space or future potential that isn't immediately apparent from the square footage alone.
Section 2: Frequently Asked Questions
1. Is the price competitive for Elm Park?
Based on the provided data, the home’s last sale price and assessed value are consistently in the lower tiers compared to neighbours, indicating it may be priced below the neighbourhood average.
2. What does "below average" for living area mean practically?
At 929 sqft, the home is smaller than many in Elm Park. This translates to a more compact and efficient layout, which can mean lower utility costs and less maintenance, but may require creative use of space.
3. How significant is the renovated basement?
A finished basement effectively adds usable square footage not fully reflected in the main living area metric, providing crucial extra space for recreation, storage, or a home office.
4. The home is over 100 years old. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements. Prospective buyers should prioritize a thorough inspection focusing on the foundation, plumbing, electrical systems, and roof to understand any upcoming maintenance inherent to a century-old structure.
5. How does the lot size compare?
The lot is nearly 4,800 sqft, which is larger than many on Elm Park Road itself. This is a key asset, providing more private outdoor space than several immediate neighbours, which is a valuable but less obvious feature in the data.